China's online shopping website, Alibaba, is forming an alliance to track down counterfeiters. Counterfeiters, people who forge things, have made $1.7 trillion since 2015.
Alibaba was founded in 1999 by Jack Ma in Hangzhou, China. It's been popular and used ever since- it's like China's Amazon.
Ever since late August, Alibaba has closed down 180,000 third-party stores for selling fake goods. It's also given information to law enforcements and brands to close down 675 counterfeit manufacturers.
Amazon sells 5 billion items a year, whereas Alibaba sells 14.5 billion items a year. It's been very set on using its data and analytics to go against counterfeiting.
Jessie Zheng, Chief Platform Governance Officer of Alibaba, says, "The most powerful weapon against counterfeiting today is data and analytics, and the only way we can win this war is to unite."
To read more on this story, go to Alibaba Tracks Down Fake Goods
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